Tamil Nadu CM E Palaniswami on Friday introduced a gold mortgage waiver, hours earlier than the Election Commission is scheduled to announce the information for meeting polls within the state, which can carry a mannequin code of conduct into place. The state authorities introduced that gold loans in opposition to upto six sovereigns by cooperative banks to farmers and poor will likely be waived.
The announcement comes hours earlier than election Commission would launch the ballot dates for 4 states and one UT together with Tamil Nadu at 4:30 pm on Friday. The Model Code of Conduct (MCC) laid down by the ECI will come into impact as soon as the dates for the elections are introduced. To be sure that no new bulletins or orders on welfare schemes are issued after election notification, the state’s chief election officer directed all division secretaries to draw a line after the final order within the GO register quickly after announcement is made by CEC Sunil Arora.
Loans availed from cooperative societies by pledging jewels upto six sovereigns and pending loans of ladies members of Self Help Groups in co-op banks and societies could be waived, he mentioned. Representations had been made by SHG members that they weren’t able to repay loans taken from cooperative banks and societies in view of the COVID-19 pandemic, Palaniswami mentioned within the Assembly including they requested mortgage waiver.
Hence, to present succour, the pending loans of poor ladies members of SHGs could be waived, he mentioned in an announcement within the House. Presently, “more than one lakh SHGs are functional and in such groups over 15 lakh women are members. A majority of women in such groups belong to poor families that are below the poverty line,” he famous.
Similarly, the poor and unusual individuals and agricultural labourers are going through nice difficulties in repaying loans secured after pledging jewels, he mentioned. Such loans had been taken by them from cooperative societies to deal with monetary misery attributable to the COVID-19 pandemic, he famous.
Though the unfold of the virus has declined to an extent, the financial system has not recovered totally, he mentioned. Considering the lack of farm labourers and the poor individuals in repaying jewel loans, representations acquired from them and the views of financial specialists, he mentioned loans availed by pledging jewels, upto six soverigns could be waived.
The objective is lofty, which is to assist poor individuals and “Amma’s government waives jewel loans up to six sovereigns availed from cooperative societies.” The transfer is to assist the poor who borrowed after being hit by the pandemic induced financial hunch and couldn’t now clear their dues, he mentioned..
Meanwhile, Bengal CM Mamata Banerjee introduced a hike within the wages of day by day wage staff underneath WB Urban Employment Scheme hours earlier than EC declares ballot dates for the state.
The revised wages had been “Rs 202 per day from Rs 144 for unskilled labour, Rs 303 from Rs 172 for semi-skilled and Rs 404 for skilled labour,” Banerjee mentioned in tweet on Friday.
“A total of 56,500 workers will benefit from this. These wages are in parity with rural workers’ enhanced pay,” she added whereas asserting the hike in wages. Bengal CM mentioned that the price range provision for this step has been made out there for fiscal yr 2021 and 2022.
This post was published on February 26, 2021 5:09 pm